Forex Pip Calculator
Calculate pip value in your account currency for any major forex pair and position size, using live rates from the AlphaScala price feed.
Pip value is calculated in two steps. First, multiply the pip size by your position size in base-currency units to get the pip value in the quote currency:
pip_value_quote = pip_size × units
Then convert from the quote currency into your account currency at the current spot rate:
pip_value_account = pip_value_quote × (quote_ccy / account_ccy rate)
Pip size is 0.0001 for most pairs and 0.01 for any pair quoted in JPY (such as USD/JPY or EUR/JPY).
Pair: EUR/USD · Account: USD · Lot: Standard (100,000 units)
Pip size for EUR/USD is 0.0001. Pip value in the quote currency (USD) is 0.0001 × 100,000 = $10. Because the account currency is also USD, no conversion is needed – one pip is worth $10 per standard lot.
Pair: EUR/JPY · Account: USD · Lot: Standard · USD/JPY: 150
Pip size is 0.01 (JPY-quoted). Pip value in JPY is 0.01 × 100,000 = ¥1,000. Convert to USD at USD/JPY 150: 1,000 ÷ 150 ≈ $6.67 per pip.
What is a pip in forex?
A pip is the smallest standard price increment a forex pair moves. For most pairs it is the fourth decimal place (0.0001). For pairs quoted in Japanese yen it is the second decimal (0.01). Pip value tells you how many units of your account currency one pip move is worth on a given position.
How is pip value calculated?
Pip value in the quote currency equals pip size × position size in units (e.g. 0.0001 × 100,000 = 10 quote-currency units per pip on one standard lot). To express that in your account currency, multiply by the spot rate from quote currency to account currency.
Why does pip value change between pairs?
Pip value depends on both pip size and the quote currency. JPY-quoted pairs have a different pip size (0.01 vs 0.0001), and the conversion to your account currency uses different exchange rates, so pip value differs across pairs.
What is a standard lot, mini lot, and micro lot?
A standard lot is 100,000 units of the base currency, a mini lot is 10,000, and a micro lot is 1,000. Pip value scales linearly with position size – a mini lot has 1/10 the pip value of a standard lot.
Where do the live rates come from?
Rates are sourced from TwelveData and refreshed every 15 minutes by the AlphaScala price feed. They are intended for retail-grade reference, not for execution decisions.